40081 Us-441 Commerce, GA 30529

Property Details for 40081 Us-441

Year built

2024

Property size

5,000 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents the GX Market, a 5,000-square-foot convenience store located at 40081 US-441, Commerce, GA 30529. Boasting a strong 6.25% cap rate and a substantial net operating income (NOI) of $320,000, this property offers a compelling return on investment. The property benefits from a rare 20-year absolute triple-net (NNN) lease, minimizing landlord responsibilities and providing significant tax advantages through accelerated and bonus depreciation due to fee simple ownership. Further enhancing its value, the lease includes four 5-year renewal options and a built-in inflation hedge with annual 1.5% rent escalations. Strategically positioned approximately 0.5 miles from I-85, a major interstate connecting Atlanta, GA and Greenville, SC, the property enjoys excellent visibility and accessibility. Its proximity to Highway 441 provides direct access to Athens, GA and the University of Georgia (UGA), approximately 22 miles away, a significant source of potential customers with over 41,615 students and 10,740 employees. The robust retail submarket, featuring 2.2 million square feet of retail space and a low 3.2% vacancy rate, further underscores the property's potential. The location is less than 2 miles from Tanger Outlets Commerce, a 371,408-square-foot outlet mall attracting shoppers from a 60-mile radius. Built in 2024, this property is situated in Banks County, within Jackson County, one of the four fastest-growing counties in the US, according to the US Census Bureau. This presents a unique opportunity to acquire a high-performing asset in a rapidly expanding market.

Location Insight

City

Commerce

County

Banks

State

Georgia

Longitude

-83.4577

Latitude

34.2446